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Aug 24, 2022 · Gautam Adani Biography: Early Life, Family, and Education. He was born on 24 June 1962 to a middle-class Jain family in Ahmedabad, Gujarat. His father was Shantilal and his mother was Shanti Adani.
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- Gautam Shantilal Adani
- 24 June 1962
- Ahmedabad, Gujarat, India
- Gautam Adani established Adani Exports, now known as Adani Enterprises, in 1988. It is the holding company of the Adani Group. Originally, the comp...
- Gautam Adani started importing primary polymers for small-scale industries in 1985.
- Gautam Adani founded Adani Group in 1988 and expanded his business into resources, logistics, energy, agriculture, defence, and aerospace, amongst...
- Gautam Adani was born on 24 June 1962 in Ahmedabad, Gujarat, India.
Gautam Adani. Gautam Shantilal Adani (born 24 June 1962) is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India. [2][3] Adani has been described as being close to Prime Minister Narendra Modi and to his ruling Bharatiya Janata ...
- Overview
- Family and personal life
- Business career
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Gautam Adani (born June 24, 1962, Ahmedabad, India) Indian industrialist and founder of the global conglomerate Adani Group.
Adani, who gained great admiration across India for his rags-to-riches biography, rose from a modest mercantile family to become one of the richest individuals in the world. He was briefly the richest person in Asia in 2022, but he lost tens of billions of dollars months later, in 2023, when an activist short-selling firm accused the Adani Group of fraud.
Adani was born into a family of Gujarat Jains. He was the seventh of eight children born to Shantilal Adani, a textile merchant, and Shanta Adani.
In 1986 Adani married Priti Vora, a dentist and later the chairperson of the Adani Group’s philanthropic arm, the Adani Foundation. They have two sons, Karan and Jeet, who also serve in senior positions in the Adani Group conglomerate.
Adani’s career began in 1978 in Bombay (now Mumbai), where he joined the diamond industry after dropping out of school at the age of 16. In 1979 he began trading diamonds, and by 1982 he had made his first million rupees. That same year he returned to Ahmedabad to work at a plastics factory operated by his brother Mansukhlal.
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The family company began importing polyvinyl chloride in 1983 to meet the demands of its business. The union government’s relaxation of import licenses in 1985 proved a boon for the company. As its imports and exports continued to grow, the Adanis set up partnership firms in 1988 to manage the flow and were later aided by the Gujarat State Export Corporation.
In the 1990s Adani continued to benefit from general trends in public policy. In 1991 the government of Prime Minister P.V. Narasimha Rao began implementing a program of economic liberalization, which led to rapid industrial growth in the country. As foreign investment poured into India, Gujarat state leveraged its ports to help attract business, and in 1995 it began selling port projects to private companies to develop as joint ventures. The Adani conglomerate received the contract to develop the port at Mundra, which became operational in 1998.
The port deal, the terms of which removed several environmental and socioeconomic protections to allow for the port’s rapid industrial development, attracted a lot of attention and even resentment toward Adani. About the time that the port became operational, Adani and a business associate were reportedly kidnapped for ransom. Eight suspects were tried for the incident, six in 2005 and two in 2018, but all eight were acquitted because of a lack of evidence.
Learn about Gautam Adani, an Indian industrialist and founder of the global conglomerate Adani Group. Find out his rags-to-riches story, his business strategy, his relationship with the BJP, and his controversies.
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Apr 29, 2024 · Gautam Adani is India’s second richest person and the 17th richest person in the world. According to Forbes, his staggering net worth stands at $84 billion (approximately Rs 7 lakh crore).
- Karishma Shetty
Sep 6, 2024 · Gautam Adani, one of India's wealthiest individuals, recently gave a lecture at Jai Hind College in Mumbai, the same institution that rejected his application in the late 1970s. In his speech titled "Breaking Boundaries: The Power of Passion and Unconventional Paths to Success," Adani reflected on his journey from a diamond sorter to a top-tier entrepreneur, emphasizing the importance of daring to dream beyond boundaries and challenging the status quo.
Jan 9, 2023 · Gautam Adani, the richest man in Asia and India, left formal education at 16 to start his diamond trading career in Mumbai. He shared his life lessons and regrets with students of his alma mater Palanpur Vidyamandir in Gujarat, where he celebrated the school's 75th anniversary.
Aug 30, 2024 · Childhood. Gautam Adani was born into a middle-class family on 24 June 1962 in Ahemdabad, Gujarat. Let’s take a look at his impressive educational qualifications and career journey.
